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Reply to "When to downsize? When kids leave for college or later?"
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[quote=Anonymous][quote]Can you downsize **within** your current house, at least while your kids are in college? Live within it like it's a two bedroom condo; close off doors to all the excess rooms; get rid of all the stuff you would get rid of if you were moving into a condo. Then you'll be ready to make an easy transition into the condo of your dreams once they're stable? [/quote] This. We bought a house that was too big for us from the start (because it was available in our preferred neighborhood at the time). We don't use all of the rooms now, but I think it's cheaper to just stay for a while. Our college son comes home on vacations and will no doubt be here for a while after college. You can always "job out" the cleaning and the lawn on your house. There are costs associated with moving and your downsized house may not be as cheap as you think. Do a bit of research on that. All that said, you don't want to wait until you are very elderly (80's) to downsize. My ILs did that and it was horrible. [/quote]
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